Plutos Network to Integrate UniLend’s Money Markets and offer enhanced liquidity for users
Plutos Network is excited to announce that we will integrate UniLend’s money markets to enhance the liquidity for our users, which will be of great value in improving the trading experience with Plutos Network. Alongside this, the Plutos Network token (PLUT) will be available to UniLend’s users through their cutting-edge permission-less listing as UniLend will integrate BSC mainnet soon.
By integrating UniLend’s money markets, users of Plutos Network will be able to enjoy increased liquidity without slippage when trading with support from the pools created through UniLend’s money markets in a permission-less way. This allows users to purchase your assets of choice at the exact desired price.
As a multi-chain based DeFi synthetic hub, Plutos Network will combine the strengths of projects by working with UniLend to offer users the highest-level of liquidity and therefore enhance the overall trading experience. Soon, UniLend will be integrating Binance Smart Chain. With the outstanding performance on Ether and Polygon, UniLend will support BSC mainnet soon, adding yet another leading ecosystem to its multi-chain structure. Upon its completion, PLUT, the original token of Plutos Network will be made available to UniLend users in a permission-less way.
Additionally, with the help from UniLend and discussions with the Polygon team, Plutos Network will kick-start our integration into Polygon in the near future, marking a whole new milestone in the continuous development of Plutos Network’s multi-chain based technical structure.
“The integration of UniLend’s money markets into Plutos Network will be a great step forward in delivering the best liquidity and trading experience for our users. UniLend as a leading multi-chain based and permission-less DeFi protocol will help in boosting Plutos’s business in the long run. We are excited about it. ”
Juan Capilla, CEO of Plutos Network
About UniLend
UniLend is a permission-less decentralized DeFi protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. In the money markets, the interest rates and collateralization ratio are based on supply, demand, and other market forces and borrowing limits are decided by liquidity in the trading pairs.
The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol. This solves the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.
About Plutos Network
Plutos Network is a multi-chain synthetic issuance & derivative trading platform which introduces mining incentives and staking rewards to users. By integrating blockchains such as Solana, Polkadot, and BSC, enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.
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